Ociswap Basic Review 2026: A Small Radix DEX

Ociswap Basic is the tracked entry for Ociswap, a decentralized exchange on the Radix network. The project describes itself as modular and highly configurable. Its homepage presents it as the front page of Radix, with swaps and liquidity pools centered on the XRD token.

The entry has been tracked since October 2023 and has its own token, OCI. Project posts mention hooks, a Pool V2 design from December 2024 and a SPLASH 1.5 liquidity update from March 2024, so development has continued over time.

Scale is the main caveat. Tracked total value locked is about $8,000, and no audits are listed for this entry. The project's blog says its pools are audited, but the audit reports are not cited in the material reviewed. Details on the team, fee tiers and token design are also not published there.

Ociswap is an automated market maker. Instead of matching buyers and sellers in an order book, it uses pools of two or more tokens. A trader swaps one token for another against the pool, and the price shifts according to the pool's formula as the balance changes.

Liquidity providers deposit tokens into these pools and earn a share of the trading fees. In exchange they take on impermanent loss, which happens when the relative prices of the pooled tokens move. Ociswap describes its pool design as modular, with optional hooks that add custom logic at pool creation.

This entry runs on Radix, which uses its own asset-oriented smart-contract model. Swaps and deposits go through a Radix wallet that signs each transaction. The project does not publish a full breakdown of what separates the Basic listing from its other pool versions in the material reviewed.

Swap fees and pool fee tiers are not stated in the information reviewed. The project's own writing describes low fees, but no figure is given here. Users should check the fee shown on a pool page and in the swap preview before confirming.

Beyond pool fees, Radix network transaction fees apply to each action. Their size depends on the network, not on Ociswap. Liquidity providers also face impermanent loss, which is a cost not shown as a fee.

No audits are listed for this entry. The project's blog refers to audited liquidity pools, but the audit firm and reports are not cited in the material reviewed, so treat that claim as unverified until you see the reports. Hooks add separate components that may carry their own risk, so check what a pool uses before depositing.

As a non-custodial DEX, you keep control of your tokens, but you carry smart-contract risk and impermanent loss as a liquidity provider. Thin liquidity also raises price impact and makes pricing easier to manipulate. No hack or incident is mentioned in the material reviewed. Check that the DEX is legal to use where you live and use only the official address.

Radix users and XRD holders who want a native swap venue and are comfortable with a small, niche protocol. It is less suited to traders who need deep liquidity or to anyone who requires published audit reports before using a DEX.